Novacore Labs and AIBotics expand their Caribbean operations through a strategic acquisition of drone, mapping, and AI assets, enhancing their regional automation and software capabilities.
Acquisition of assets expands AI, drone, mapping and automation platform in Jamaica.
AIBotics completes acquisition of assets alongside Novacore Labs, expanding its platform.
Google is mentioned as a partner of Novacore Labs, but the acquisition does not directly affect Alphabet.
Novacore Labs and AIBotics have finalized a strategic asset acquisition to bolster their technological footprint in Jamaica. The deal integrates drone, mapping, and AI software capabilities into their existing platforms, positioning the firms for expansion across the Caribbean market.
The acquisition includes the NovaCore brand, intellectual property, software, customer data, contracts, and specialized drone and mapping hardware.
The companies aim to scale their AI, drone, and automation platforms to capture growth opportunities within Jamaica and the Caribbean.